The Drewry World Container Index fell 1% over the period, with freight rates easing on the main east-west trade lanes. About 46 sailings, a 6% cancellation rate, are scheduled to be blanked between weeks 46 and 50.
Suez Canal container transits are rebounding, with 60% of Asia-Europe capacity returning to the Suez route.
Easing container rates and returning Suez capacity lower the cost of shipping feed ingredients and reduce route-related delays. This is mildly bearish for delivered freight costs.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.